Ingalls’ operating performance was below budget in fiscal year 2018 due to material one-time write-offs and weak volume trends, though Moody’s affirmation of the rating heavily incorporates Ingalls’ close affiliation with University of Chicago Medicine.
The rating outlook has been revised from stable to negative.
More articles on healthcare finance:
Walmart increasingly comparing physicians over cost: 5 things to know
Arkansas hospital operator ousted over ‘real and present danger’ to assets
Dueling healthcare policy proposals spark $40B stock sell-off
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
